INSIGHTS & IDEAS

IRA and 401(K) annual deferral limits increased for 2007

For 2007 the IRS has raised the annual deferral limits as follows:

 Annual Deferral  Over 50  Catch-up 

Total

 401(K)  

 $15,500  

 $5,000

 $20,500

 SIMPLE

 10,500  

  2,500

 13,000

 IRA

 4,000  

 1,000

  5,000



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